In using the product cost concept of applying the cost-plus approach to product pricing, selling expenses, administrative expenses, and profit are covered in the markup
Indicate whether the statement is true or false
True
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Which sentence is punctuated correctly?
A) Many companies are facing a serious crisis: their sales have decreased . B) Many companies are facing a serious crisis, their sales have decreased. C) Many companies are facing a serious crisis their sales have decreased.
Bellucci Corporation has provided the following information: Cost per UnitCost per Period??Direct materials$6.95? ??Direct labor$4.00? ??Variable manufacturing overhead$1.45? ??Fixed manufacturing overhead $109,800???Sales commissions$1.05? ??Variable administrative expense$0.75? ??Fixed selling and administrative expense $40,050???The incremental manufacturing cost that the company will incur if it increases production from 9000 to 9001 units is closest to (assume that the increase is within the relevant range):
A. $30.85 B. $24.60 C. $27.60 D. $12.40
Sakelaris Corporation makes a product with the following standard costs:??Standard Quantity or HoursStandard Price or Rate?Direct materials8.6 kilos$6.00 per kilo?Direct labor0.4 hours$11.00 per hour?Variable overhead0.4 hours$5.00 per hourThe company reported the following results concerning this product in August.?Actual output8,400units?Raw materials used in production71,750kilos?Purchases of raw materials76,900kilos?Actual direct labor-hours3,320hours?Actual cost of raw materials purchases$469,090??Actual direct labor cost$35,524??Actual variable overhead cost$17,928?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.Required:a. Compute the
materials quantity variance.b. Compute the materials price variance.c. Compute the labor efficiency variance.d. Compute the labor rate variance.e. Compute the variable overhead efficiency variance.f. Compute the variable overhead rate variance. What will be an ideal response?
A time series plot is also known as a
a. boxplot. b. frequency graph. c. dot plot d. line chart.